ASX Electricity Futures and Options – Response to AEMO announcement
Notice reference number:0649.22.06
Date published:15/06/22
Effective as of:15/06/22
Last updated:15/06/22
ASX is aware of the announcement made by Australian Energy Market Operator (AEMO) today at 2:05pm advising the suspension of the spot market until further notice.ASX electricity futures and options contracts will continue to operate under the standard trading hours as per the contract specifications.ASX will continue to determine the daily settlement prices per the standard methodology under the ASX 24 Operating Rules.
ASX is in ongoing contact with AEMO Settlements in relation to the certainty of final spot prices on Tuesday 5 July which will be used to determine the Expiry Settlement Prices of the contracts detailed above.
ASX has been communicating with ASIC regarding the current situation.
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
Today AGL Energy announces a big impairment … with a big chunk related to long-term wind offtake agreements which AGL entered into between 2006 and 2012.
Leave a comment